The Home Depot, Inc. $HD Stake Reduced by Alexis Investment Partners LLC

Alexis Investment Partners LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 68.9% in the 1st quarter, Holdings Channel reports. The fund owned 696 shares of the home improvement retailer’s stock after selling 1,542 shares during the period. Alexis Investment Partners LLC’s holdings in Home Depot were worth $225,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Advocate Investing Services LLC bought a new position in Home Depot in the 4th quarter worth about $25,000. Parvin Asset Management LLC raised its holdings in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares during the last quarter. Cache Advisors LLC acquired a new position in shares of Home Depot during the first quarter worth approximately $27,000. Key Capital Management INC acquired a new position in shares of Home Depot during the fourth quarter worth approximately $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in Home Depot in the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 0.3%

HD stock opened at $351.50 on Thursday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The firm has a market cap of $350.49 billion, a PE ratio of 24.96, a P/E/G ratio of 4.07 and a beta of 0.95. The firm has a 50 day simple moving average of $323.33 and a 200 day simple moving average of $345.76. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.02. The firm had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, June 4th. Home Depot’s payout ratio is presently 66.19%.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Argus lowered their price target on Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. BNP Paribas Exane reduced their price objective on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Finally, Truist Financial lowered their target price on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.